Britain has imposed new sanctions on Russian oil majors Gazprom Neft and Surgutneftegaz , the foreign ministry on Friday.

The United States on Friday imposed sweeping sanctions on Russia's energy sector to try to limit funding for Moscow's war in Ukraine. The sanctions target two of Russia's largest oil companies, Gazprom Neft and Surgutneftegas,

Biden administration officials say the sanctions are being imposed now because they are not likely to add to inflation

The Biden administration has enacted a sweeping set of new sanctions on Russia’s oil industry, including restrictions on two major Russian oil producers and the alleged “shadow fleet” of vessels carrying Russian oil around the world, the US Treasury Department announced Friday.

In the capital of Transnistria, a Kremlin-backed microstate sandwiched between Moldova and Ukraine, the festive New Year’s lights have gone dark ahead of schedule. This separatist sliver of Moldova will run out of energy in three weeks,

(Reuters) - Moldovan President Maia Sandu visited areas hit by rolling power cuts on Thursday and blamed Russian gas giant Gazprom for the energy crisis gripping the country's Transdniestria pro-Russian separatist enclave. In Moscow, Kremlin spokesman Dmitry Peskov said Moldova and Ukraine were responsible for the heating and power shortages.

Russia’s state-owned energy giant Gazprom says it will halt gas supplies to Moldova starting on Jan. 1, citing alleged unpaid debt by the east European country.

The US has imposed sanctions on over 30 Russian oil service companies. At the same time, restrictions have also affected a Serbian company linked to Gazprom Neft, according to the US government website and the US Department of the Treasury.

As US slapped fresh sanctions on Russian energy subsidiaries, Serbian President Aleksandar Vucic said Russia must dispose of its ownership share in Oil Industry of Serbia if the company is to continue operating.

The main target of the sanctions, done in coordination with the UK, are major Russian energy companies — Gazprom Neft and Surgutneftegas. The two firms exported about 970,000 barrels a day of oil by sea in the first 10 months of 2024, about 30% of the nation’s total flows on tankers, data compiled by Bloomberg show.